Professional Diversity Network, Inc. — Director's Dealing 2024

Jul 5, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Professional Diversity Network, Inc. (IPDN)
CIK: 0001546296
Period of Report: 2024-07-01

Reporting Person: He Xin (CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-07-01	Common Stock	A	40000	—	Acquired	280938	Direct
2024-07-01	Common Stock	A	1000000	$0.4950	Acquired	1280938	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-07-19	Restricted Stock Units	$0	A	40000	Acquired		Common Stock (40000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$4.4600	2034-07-05	Common Stock (15000)	15000	Direct

Footnotes

F1: Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon vesting.

F2: On July 18, 2023, the Company granted an award of 120,000 shares of Restricted Stock Units to Mr. He in connection with the execution of an employment agreement between the Company and Mr. He. The Restricted Stock Units issued to the Executive will vest one third (1/3) annually. The last 40,000 shares underlying the Restricted Stock Units will vest on July 18, 2025.

F3: On June 28, 2024, the Company entered into a stock purchase agreement of 1,000,000 shares of the Company's common stock at a unit price of $0.495 with Eighty-eight Investment LLC, wholly owned and controlled by Mr. He. The Agreement resulted in aggregate proceeds of $495,000.

F4: Mr. He held 15,000 shares of stock option of the Company prior to the reported transactions.